Miners reel after Papua New Guinea ownership bombshell
mining.com Frik Els | August 19, 2011
In a surprise announcement Papua New Guinea on Friday introduced a plan to hand state ownership of mineral and energy resources to landowners, a move that may prove disastrous to foreign miners developing massive projects and pushing into new regions of the resource-rich country.
The announcement by PNG?s new leader comes ahead of elections in 2012 that many observers have warned is bound to lead to civil unrest.
http://www.mining.com/2011/08/19/miners-reel-after-papua-new-guinea-ownership-bombshell/
Miners reel after Papua New Guinea ownership bombshellmining.com...
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